Kumar Rakesh from BNP Paribas predicts weaker auto sales in September due to Pitru Paksha, with a potential rebound in October. The passenger vehicle industry shows low single-digit growth, while the electric two-wheeler market is gradually expanding. Tractor sales are expected to improve, driven by a normal monsoon and rural economy recovery.
Bearish sentiment intensifying, Nifty support at 23K: Rupak De
Nifty faces bearish sentiment, with support at 23,000, and Bank Nifty potentially drifting toward 48,000. TCS shows positive momentum post-results, while midcaps may see further
January 12, 2025